(Infocast News) Vestate Group (01386) announced that on 7 September 2017, Guoxin Wangfu Information Technology (Guoxin Wangfu) and Chijiu Big Data Development (Chijiu Big Data) entered into a framework cooperation agreement in relation to a plan for the formation of various joint ventures across the PRC, in view of promoting the "Tencent Intellectual Campus" (騰訊智慧校園) project.

The joint ventures, to be owned as to 49% by Guoxin Wangfu and 51% by Chijiu Big Data, will promote the application of Tencent Intellectual Campus, which centralizes school education management, classroom teaching, teachers and teaching researches, student learning, resources sharing, evaluation between teachers and students, communication between families and schools and security management, aiming to construct intellectual school environment and enhance usage of information infrastructures at schools in all aspects.

In addition, these joint ventures will push forward the construction of educational big data and cloud platform, as well as the establishment of a service management platform system for Tencent Intellectual Campus. As a result, regional educational informationization system is formed to increase the efficiencies of education and teaching management, and realization of security application and sharing of educational fundamental data is expected.